About Coachieve Solutions Private Limited
Data last updated:
Coachieve Solutions Private Limited was a private limited company based in Bangalore, Karnataka, India, operated as a subsidiary of Quess Corp Limited. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the HR outsourcing and talent management segment of the business process outsourcing sector. It was incorporated on 08 August 2007.
The company was registered with the Registrar of Companies (ROC), Bangalore, under CIN U72300KA2007PTC105727. The company has 2 GST registrations on record, none of which is active.
The company had an authorised share capital of ₹3.3 Cr and a paid-up capital of ₹3.11 Cr. It was formerly known as Coachiev Solutions Private Limited. It was led by directors Subramanian Ramakrishnan and Srinivasan Guruprasad.
Its last annual general meeting (AGM) was held on 17 July 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office was at 3/3/2 Bellandur Gate Sarjapur Road, Bangalore, Karnataka, India – 560103.
As per the financials filed for FY 2019, the company reported a revenue of ₹34.94 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹79.48 Lakh (net margin 2.3%) and EBITDA of ₹1.69 Cr (EBITDA margin 4.8%). Revenue has grown at a compounded annual rate (CAGR) of 211% over three years.
The company had about 167 employees on its provident fund (EPFO) records before it was dissolved.
The company was associated with 1 brand: CoAchieve Solutions. Court records list 1 case involving the company, including 1 filed against it; 1 case is pending. The company has 4 deals on record (3 secondary share transfers, 1 acquisition); the latest was in August 2015.
The last known website on record is coachieveindia.com.
Company details
CIN history
Coachieve Solutions has one previous CIN (Corporate Identification Number): U72300DL2007PTC166789. The current CIN is U72300KA2007PTC105727, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U72300KA2007PTC105727 | Current |
| U72300DL2007PTC166789 | Previous |
Contact details
Coachieve Solutions Private Limited's registered office is in Bangalore, Karnataka. Its website is coachieveindia.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address3/3/2 Bellandur Gate Sarjapur Road, Bangalore, Karnataka, India – 560103
- IndustryBusiness Outsourcing, HR Outsourcing & Talent Management
To see the full contact details of Coachieve Solutions Private Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Brands
Coachieve Solutions operates one associated brand: CoAchieve Solutions. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| HR outsourcing services are provided to businesses by CoAchieve Solutions. | coachieveindia.com |
Business activity
The main business activity of Coachieve Solutions is support service to organizations. In detail, this covers placement agencies and hr management services and other support services to organizations. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| N | Support service to Organizations | N2 | Placement agencies and HR management services | |
| N | Support service to Organizations | N7 | Other support services to organizations |
To see the full business activity and turnover split of Coachieve Solutions Private Limited, buy the company report.
Financials of Coachieve Solutions Private Limited
FY 2019 filings availableCoachieve Solutions Private Limited reported revenue of ₹34.94 Cr (up 198% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 211% over three years, including 198% growth in the latest year. EBITDA rose 199% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | ₹34.94 Cr | ||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹1.69 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹79.48 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
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| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
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Financial Ratios
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 4.8% | ||||
| Net Profit Margin | 2.3% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
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| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Coachieve Solutions Private Limited, buy the company report.
Board of directors of Coachieve Solutions Private Limited
Coachieve Solutions has 2 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Subramanian Ramakrishnan Also directs: Shree NM Electricals Limited | Director | 09 May 2019 | 7 Years 6 Months | As last reported |
| Srinivasan Guruprasad | Director | 24 May 2019 | 7 Years 5 Months | As last reported |
Auditor
Coachieve Solutions Private Limited is audited by VASAN & SAMPATH LLP for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| VASAN & SAMPATH LLP | FY 2019 | 004542S |
Shareholding
The shareholding of Coachieve Solutions Private Limited is on record for 3 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Coachieve Solutions Private Limited, buy the company report.
Deals & funding
Coachieve Solutions Private Limited has 4 deals on record (3 secondary share transfers, 1 acquisition); the latest was in August 2015.
Deals on record (4 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Aug 2015 | Acquisition | Undisclosed | Buyer: Quess Corp Limited Seller: Quess Corp Limited |
| May 2014 | Secondary share transfer | Undisclosed | Buyer: Quess Corp Limited Seller: Ajit Abraham Isaac Jointly With Ikya Human Capital Solutions Private Limited |
| Sep 2011 | Secondary share transfer | Undisclosed | Buyer: Ajit Abraham Isaac Jointly With Ikya Human Capital Solutions Private Limited Seller: Quess Corp Limited |
| Sep 2010 | Secondary share transfer | Undisclosed | Buyer: Quess Corp Limited Seller: an individual |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Coachieve Solutions Private Limited has 1 court case on record: 1 filed against it. All case is pending.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 1 | 1 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, South East, Delhi | Civil suit | Filed against the company by an individual | Pending |
To see the full case history of Coachieve Solutions Private Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Coachieve Solutions Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Coachieve Solutions Private Limited has a workforce of 167 employees on its EPFO records as of Oct 2019.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2019-20 | 3 |
| FY 2018-19 | |
| FY 2017-18 | |
| FY 2016-17 |
To see the full employee and EPFO history of Coachieve Solutions Private Limited, buy the company report.
GST
Coachieve Solutions has 2 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Coachieve Solutions Private Limited, buy the company report.
Recent activity
Coachieve Solutions Private Limited has 10 board changes on record since 2009: 2 appointments and 8 cessations. The latest: Srinivasan Guruprasad ceased to be Additional Director on 17 Jul 2019.
1 earlier event is in the company report.
Frequently asked questions
Coachieve Solutions has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Coachieve Solutions was a private limited company based in Bangalore, Karnataka, India. The company worked in HR outsourcing and talent management, within the business outsourcing industry. It was incorporated on 08 August 2007 and is registered under CIN U72300KA2007PTC105727. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Coachieve Solutions was incorporated on 08 August 2007. It is registered with the Registrar of Companies, Bangalore.
Coachieve Solutions had 2 directors:
- Subramanian Ramakrishnan - Director
- Srinivasan Guruprasad - Director
The CIN (Corporate Identification Number) of Coachieve Solutions is U72300KA2007PTC105727. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Coachieve Solutions is at 332 Bellandur Gate Sarjapur Road, Bangalore, Karnataka, India – 560103.
Coachieve Solutions can be reached through the website coachieveindia.com. Its registered office is in Bangalore, Karnataka, India.
The latest financial statements of Coachieve Solutions on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 17 July 2019. Year-wise statements from 2015 are in the company report.
No. Coachieve Solutions has 2 GST registrations on record and all of them are cancelled or inactive.
Coachieve Solutions operated in the business outsourcing industry, in the HR outsourcing and talent management segment.
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